S&P 500 - You make the call

[retire45]

Base on your chart 1400 to 1420 is no mans land... if you MUST trade anything that correlates S&P closely then you "should" be shorting and cover only on a strong close over 1420. We trade odds.. Which trade, if you MUST trade, has a higher risk of costing you money? We have 4 white candles in a row, running up into 2 resistance areas. Even if you are wrong being short at best we'll have a very tired grind up.

The only long I see if if there is if we go to 1420 consolidate a few days then get over 1420.

Or you could short the weakest stocks (last 5 days) that show any sign of weakness as the markets have little left to help them.

 

[sumosam]

All I know is that in a bear market, the gravity is down. I made some $$ on the way up, and am now looking to go short. I may well be ahead of the curve....but, usually, that is better than buying/selling late.

 

[stock_trad3r]

just go long. The spooz will make historic highs this year.

 

[piezoe]

Quote from dman666:

I don't understand if your a trader, why care about fundamentals mattering for the market? How do you know when the fundamentals are suddenly working in the market?

Answer: When you are below the 200 ma!